Clancy Yeates reports on banking and finance and is a former Canberra business correspondent.
Gareth Hutchens and Clancy Yeates Loans for investment housing skyrocketed almost 20 per cent in the the year to December, and economists warn they will surge higher after the Reserve Bank's surprise interest rate cut to a record low...
Clancy Yeates and Jonathan Shapiro Australia's big banks are fuelling their hot competition in the home loan market by ramping up their use of cheap global financing, raising $125 billion on wholesale funding markets in the last...
Clancy Yeates and Peter Martin The Reserve Bank has warned home owners that "people should not assume that prices always rise" when deciding to buy property.
Clancy Yeates Prime Minister Tony Abbott has left open the possibility of easing foreign ownership restrictions on Qantas as he warned management to take responsibility for the airline's future, saying it is...
Clancy Yeates A growing number of Australians are failing to pay their credit card bills, in a potential warning sign more households are struggling with their finances as the economy weakens.
Clancy Yeates Commonwealth Bank chief executive Ian Narev has defended the bank's run of record-breaking profits as good for the economy after the lender's earnings exceeded $21 million a day last financial year.
Clancy Yeates How can the Commonwealth Bank of Australia (CBA) post a record $7.8 billion full year profit, when consumer borrowing remains low? Business reporter Clancy Yeates explains the reasons behind the...
John Collett, Clancy Yeates Mortgage brokers are reporting a surge in customers switching to fixed-rate loans.
Clancy Yeates, Tim Colebatch Telco poised to make deep cuts to Australian workforce as consumer confidence slumps.
Clancy Yeates, Esther Han Big banks have failed to pass on most interest rates cuts to their credit card customers, despite the Reserve Bank cutting them to their lowest level in more than 50 years.
Glenda Kwek, Clancy Yeates Visa and American Express the first credit card companies to restrict unpopular surcharges.
Clancy Yeates NAB will aim to cut the average size of its bank branches by a quarter as part of a cost-cutting drive.
Clancy Yeates Australia's main welfare group is urging federal Labor to make a $6 billion budget saving by clamping down on superannuation tax breaks, health insurance rebates, and the tax treatment of trusts and...
Clancy Yeates Australia's main national welfare group is urging federal Labor to cut nearly $6 billion from the budget by clamping down on superannuation tax breaks, health insurance rebates and the tax treatment...
Clancy Yeates AUSTRALIA'S economic growth will slow to well below its long-term average in the coming year, pushing up unemployment to levels not seen since the global financial crisis, leading economists predict.
Clancy Yeates The Australian sharemarket has surged to a level not seen since mid-2011.
Clancy Yeates People in the prime of their working lives make up the largest share of the population on unemployment benefits, a trend unions and social services groups say reflects greater insecurity at work.
Clancy Yeates THE odds of more interest rate cuts have diminished as a result of the government's decision to abandon its pledge for a rapid return to budget surplus, market economists say.
Clancy Yeates The federal government is laying the groundwork for a future cut in the $1000 GST-free threshold for goods bought from overseas online stores.
Peter Martin, Clancy Yeates THE detested 10 per cent surcharge whacked onto taxi fares for the privilege of paying by a card won't survive the new year if the Reserve Bank gets its way.